DXG Utility & Rewards

Staking Mechanics

xDXG:

  • A token that is representative of a staked amount of DXG. xDXG stakers are entitled to fee share and other rewards including DXG emissions.

veDXG:

  • veDXG is a valueless, untransferable token that exists at a 10:1 ratio of total DXG in circulation. This means that as DXG is burned, the supply of veDXG needs to be reduced proportionally. veDXG’s primary purpose is to be used as a voting token from a protocol design perspective

  • veDXG can be used from a user and product-centric way by having the veDXG quantity in proportion to the amount of DXG staked (in notional USD terms) compared to total position size to offer discounts on trading fees.

Revenue Streams

DXG holders benefit from diversified revenue streams, including:

  • Borrowing Fees: A fraction of the borrowing fees is allocated to DXG stakers.

  • Trading Fees: A substantial portion of trading fees contributes to the stakers' rewards.

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